Paraguayan Cryptocurrency Law Shelved After Presidential Veto
The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange…
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Paraguay’s legislature fails to reverse presidential veto on crypto regulation law
The reconsideration of the bill, ‘Regulating the industry and marketing of virtual assets — crypto assets’, received 38 votes out of a total of 80 lawmakers.
Paraguay Warns About Growth of Illegal Bitcoin Mining Operations and Effect on Power Stability of the Country
The growth of illegal bitcoin mining operations could affect the stability of the power system in Paraguay, according to statements from the National Power Administration. The boom the country is…
Bitcoin Miner Pow.re Begins Mining Facility Construction in Paraguay, Acquires 3,600 Microbt ASICs
According to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will…
Spanish Crypto ATM Company Bitbase Eyes European and Latam Expansion
Bitbase, a Spanish cryptocurrency ATM company, is planning to keep expanding its services in 2023. The company, which received investments from Dextools and Woonkly, two Web3-based decentralized companies, aims to…
Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill
The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that…
President of Paraguay Mario Abdo Vetoes Cryptocurrency Bill
The President of Paraguay, Mario Abdo has issued an executive veto on a recently approved cryptocurrency bill. Abdo’s veto decree states cryptocurrency mining is an “energy-intensive” and a low-value-added activity.…
President of Paraguay vetoes crypto regulation law
The bill was approved by the nation's Senate in July as low-energy costs continue to boost mining activities in the country.
Crypto ATM Company Bitbase Prepares to Open Operations in Venezuela This Year
Bitbase, a cryptocurrency store and ATM company headquartered in Spain is preparing to open operations in Venezuela this year. The company is now looking for employees for the stores and…
National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay
The National Power Administration of Paraguay has proposed to set a special mining fee for cryptocurrency mining operations in a decree project directed to the national economic team. Due to…